HVAC controls market poised to grow
ARC study: Global expansion, energy efficiency will push HVAC up 30% by 2011
The worldwide HVAC controls market continues to grow
“The goal is to develop intelligent HVAC solutions capable of providing facilities managers the ability to base operational decisions on real-time performance data and uncover hidden costs,” www.arcweb.com/res/hvac ).
The move to upgrade existing HVAC system in mature markets drives some of the growth, as buidling owners and operators focus on what ARC called the "long-term
"ARC expects HVAC controls to expand in functionality, convenience, scalability, and accessibility," the study noted. "They will be employed to support a broader range of applications, from the largest enterprises to more focused solutions that can grow in functionality as companies increase investments."
Growth in emerging markets such as Asia, the Middle East, and Latin America centers on large-scale commercial projects, where centralized controls are crucial to drive energy efficiency and to help manage global enterprises.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey